Third Quarter Financial Performance

Thyssenkrupp AG announced a significant downturn in its third-quarter fiscal 2024/2025 results, with group sales plummeting by 9% to €8.2 billion compared to the previous year. The net loss deepened to €278 million from €54 million, and the loss per share increased to €0.45 from €0.09.

Nine-Month Overview

Over the first nine months of the fiscal year, the company witnessed a 6% decline in sales, totaling €24.6 billion. However, there was a slight improvement in the net loss and loss per share, which stood at €174 million and €0.28, respectively, compared to €446 million and €0.72 in the prior year.

Management's Outlook

"Despite the challenging financial landscape, we remain optimistic about achieving a positive free cash flow before M&A in the current fiscal year. Our focus continues to be on implementing structural measures to enhance efficiency and reduce costs across all segments," stated CFO Axel Hamann.